^IXIC vs. QQQM
Compare and contrast key facts about NASDAQ Composite (^IXIC) and Invesco NASDAQ 100 ETF (QQQM).
QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IXIC or QQQM.
Correlation
The correlation between ^IXIC and QQQM is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^IXIC vs. QQQM - Performance Comparison
Key characteristics
^IXIC:
1.44
QQQM:
1.41
^IXIC:
1.95
QQQM:
1.91
^IXIC:
1.26
QQQM:
1.26
^IXIC:
2.02
QQQM:
1.89
^IXIC:
7.20
QQQM:
6.54
^IXIC:
3.69%
QQQM:
3.91%
^IXIC:
18.38%
QQQM:
18.17%
^IXIC:
-77.93%
QQQM:
-35.05%
^IXIC:
-1.05%
QQQM:
-0.41%
Returns By Period
In the year-to-date period, ^IXIC achieves a 3.37% return, which is significantly lower than QQQM's 5.10% return.
^IXIC
3.37%
1.04%
13.30%
28.12%
15.88%
14.98%
QQQM
5.10%
2.35%
13.51%
27.08%
N/A
N/A
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Risk-Adjusted Performance
^IXIC vs. QQQM — Risk-Adjusted Performance Rank
^IXIC
QQQM
^IXIC vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite (^IXIC) and Invesco NASDAQ 100 ETF (QQQM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^IXIC vs. QQQM - Drawdown Comparison
The maximum ^IXIC drawdown since its inception was -77.93%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for ^IXIC and QQQM. For additional features, visit the drawdowns tool.
Volatility
^IXIC vs. QQQM - Volatility Comparison
NASDAQ Composite (^IXIC) has a higher volatility of 5.14% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.66%. This indicates that ^IXIC's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.